5 Things To Know About Buying Wholesale Properties in Metro Detroit

Interested in getting a great deal on a Metro Detroit house? Working with the right property wholesaler can save you thousands on your real estate purchases! In our latest post, we will discuss 5 things to know about buying wholesale properties in Metro Detroit.

Are you interested in buying property at wholesale prices in Metro Detroit? Doing so can provide you with excellent profits, but there are also a few things you should be aware of. Below, we discuss what you can expect and what you should look for when buying a wholesale property in Metro Detroit or the surrounding areas.

What Can It Offer?

Buying property at wholesale prices can be an investor or rehabbers dream come true. When you work with the right wholesaler in Metro Detroit, you’ll be able to avoid the legwork and negotiations involved when trying to find these deals yourself. When you find the right one, you will build a rapport and relationship. They’ll know what to look for and you will know the quality of properties you can expect from them.

Not All Wholesalers Are The Same

There are all kinds of people who claim to offer Metro Detroit real estate at wholesale prices. While some know what they are doing and have the experience to back it up, others are new to the game and are just looking to make a quick buck. At Sell Inherited House Detroit we strive to get to know our clients and understand their selling goals. We’ll work with you, finding the properties you are looking to flip or add to your portfolio. You won’t be hit with unexpected fees or costs at any time during the process. We are very experienced in buying and selling houses in the Metro Detroit area, and we know how to find and obtain the best deals out there.

Inspecting The Property

When making any real estate investment, you’ll need to do your due-diligence. Have an inspection done or perform one yourself as long as you know what to look for. The inspection should cover all major components of the property. Anything your inspector is unsure about should be handled by a specialist. Remember, your inspector can typically only inspect what they can see and what their tools will allow for. In some instances, a second opinion is needed! From there, get estimates from local contractors as to how much the repairs will cost you. By performing the inspection up front, you won’t have to worry about unseen setbacks down the road. You’ll be able to know what to expect and how to budget accordingly.

Get Comps

Many times, wholesalers will shoot out numbers based on their own personal estimates. While these estimated can be educated, it is ultimately up to you to decide if you are receiving a good deal or not. Your wholesaler will likely provide you with some comps and market information, however, it doesn’t hurt to find some of your own. Try to get 3 solid comps for your prospective property both before and after the repairs are made.

Check The Title

It’s important to hire a professional company to perform a title search before making your purchase. You don’t want to find out after the fact that there are liens affecting the property. Some investors will rush into purchasing a wholesale property from an inexperienced wholesaler, not realizing the property also comes with a cloudy title! Just like when buying a property from a private buyer, it’s important to do your due diligence and your homework before signing a contract to buy!

Buying a house from a property wholesaler can provide you with the profits you want to see from your Metro Detroit investment property! Get in touch with us today to learn more about what we do!

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Hear What Others Have To Say…

“Thank you for sending your letter. I didn’t know what I was going to do with this house since it wasn’t in any condition to list with a realtor.”

Gloria B.

Thanks for buying my Mother’s home. It was a big help that you were able to buy it without us having to clean it out and get it ready to sell. My mother had accumulated lots of stuff and after the stress of her long illness I was exhausted and I dreaded dealing with all of it. I also liked it that you gave me a very fair price for the home. I’m on a fixed income and that really helped a lot.”

Henry G.

“Thank you for making it simple to sell my parent’s home. Words can’t express how emotional it was having to sell the house I grew up in. Thank you for being patient with my sister and me, for making the process simple, and for making us a decent offer instead of lowballing us like a lot of the other people that sent us letters did. You helped make the best out of a really horrible experience without the high pressure that some of the other buyers put on us.”

Brent and Lynn J.

“Dennis – thank you for helping us with our Mom’s home. This was a very traumatic experience for us, and we appreciated your patience with all the emotions we experienced during the process. You were really patient and understanding with us during the sale process, and we’re sure that Mom’s home will be in good hands. God Bless.”

Claudia M. and Nancy M.

Mr. Fassett – thank you for working with us to buy my Mom’s home after she passed away. When you mentioned that you would give us an offer within 24 hours and then close quickly I didn’t really believe that we would have the house sold in only 2 weeks. I’m glad I found you.

Michelle L.

“Thanks for buying my Mom’s house. I didn’t know what to do after three real estate agents told me they wouldn’t list it in the condition it was in. I appreciate you being flexible with me and giving me time to remove the pictures and other valuables that my Mom had. Thanks also for not pressuring me to sell like some of the other guys that sent letters. The process was stressful enough without being pressured to sign a contract.”

We are a real estate solutions and investment firm that specializes in helping Michigan Trustees and Personal Representatives with estate and probate homes. We’re not realtors, we are investors and problem solvers who can buy your house fast with a fair all cash offer.

We’ve been working with estates now for over ten years. Let us help you. Call (248) 460-1606.